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Real Estate Rookie

413: Rookie Reply: How to Invest in Real Estate While Working 9-5

Real Estate Rookie

BiggerPockets

How To, Entrepreneurship, Business, Education, Investing

4.7 • 1.8K Ratings

🗓️ 31 May 2024

⏱️ 42 minutes

🧾️ Download transcript

Summary

If real estate investing was easy, everyone would be doing it! The truth is that, despite the financial freedom and flexibility it offers, investing is hard work. And it’s even more difficult if you’re working a full-time job or raising a family. But with good time management and a little sacrifice, you can do it! Welcome back to another Rookie Reply! In today’s episode, we talk about the challenges of juggling a nine-to-five job and investing. We also discuss some of the most important documents you need when creating lease agreements or inheriting tenants. Are BAD neighbors causing headaches and scaring away your best tenants? We have several solutions to this problem—including one that will help you avoid the issue before you commit to buying a rental property: ordering a property survey and setting boundaries! If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE). In This Episode We Cover How YOU can make time for real estate investing while working nine-to-five Three documents you need to be in place when inheriting tenants How to deal with troublesome neighbors (while buying more rentals!) Why you MUST include lien prohibition notices in your lease agreements Why every investor should order a property survey before buying a rental property And So Much More! (00:00) Intro (00:46) Making Time for Real Estate (07:49) Inheriting Tenants 101 (12:51) Lien Prohibition Notices (17:21) Dealing with BAD Neighbors (26:15) Do You Need a Survey? (31:58) Send Us Your Question! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-413 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is real estate rookie episode 413.

0:05.0

We have some great questions today.

0:07.2

We get into some legal items

0:08.9

you will want to know about when tenants are in place.

0:12.2

You've probably heard about one of them, but one is new to Tony and I.

0:15.8

My name's Ashley Kerr, and I'm here with Tony J Robinson.

0:20.0

And welcome to the Real Estate Rookie podcast where every week, three times a week,

0:24.1

we're bringing you the inspiration, motivation, and stories you need to hear to kick start

0:28.4

your investing journey. And today we're going to get into various boundaries,

0:32.9

both for your physical property and your neighbors

0:36.0

who might be harassing your tenants.

0:37.2

We'll talk about how to balance being a real estate investor

0:40.3

with working a full-time job,

0:42.0

when you kind of feel like giving up which leads us into this

0:44.5

week's first question for our Ricky reply.

0:46.4

Okay today's first question is from the real estate rookie Facebook group and one of the

0:51.5

members said,

0:52.5

how do you single people handle the workload of real estate investing

0:56.8

and having a full-time W-2?

0:58.8

I'm a solo woman warrior living in a large city

1:01.8

holding down a full-time job and a couple part-time jobs.

1:05.1

I'm pretty productive and motivated, but it's just overwhelming all the time, finding the

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